RYB Education Inc – (NYSE:RYB) Sees Significant Increase in Short Interest

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RYB Education Inc – (NYSE:RYB) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 9,400 shares, a growth of 80.8% from the June 30th total of 5,200 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is currently 0.2 days.

Shares of RYB stock opened at $2.80 on Friday. RYB Education has a one year low of $2.22 and a one year high of $6.90. The company’s 50-day moving average is $3.11 and its 200 day moving average is $3.64. The company has a market capitalization of $79.97 million, a price-to-earnings ratio of -2.89 and a beta of 1.22.

RYB Education (NYSE:RYB) last announced its quarterly earnings results on Thursday, May 28th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The company had revenue of $17.32 million for the quarter. RYB Education had a negative net margin of 16.15% and a negative return on equity of 25.22%. As a group, analysts anticipate that RYB Education will post -1.49 EPS for the current year.

A hedge fund recently raised its stake in RYB Education stock. Renaissance Technologies LLC grew its stake in shares of RYB Education Inc – (NYSE:RYB) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,744 shares of the company’s stock after acquiring an additional 26,100 shares during the quarter. Renaissance Technologies LLC owned about 0.66% of RYB Education worth $1,034,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 9.44% of the company’s stock.

Separately, Zacks Investment Research raised shares of RYB Education from a “sell” rating to a “hold” rating in a research report on Friday, July 10th.

About RYB Education

RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.

Further Reading: Cost of Equity For A Business, Investors

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